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BlackRock CEO Larry Fink said the Western companies should reexamine their ties to China over its support for Russia's economy amid the war in Ukraine, Bloomberg reported.
"Ukraine is at our doorsteps here and I'm surprised that there's not a larger questioning or demanding — you're supporting our enemy, we're putting billions and billions of dollars into supporting the survival of Ukraine, and there should be a cost to that," said Fink, who was speaking on a panel at the Berlin Global Dialogue conference on Tuesday.
"Russia's biggest supporter and fundamental supporter of the Russian economy is China. And that has to be at least discussed," said Fink. "I'm not here to make any judgments but I don't believe there's been enough assessment," he added.
"We have businesses in China, I'm sure everybody here has some businesses in China," Fink said. "We all have to re-evaluate that, like we have to re-evaluate a risk in liquidity traps, a risk in everything."
BlackRock was the first foreign firm to start a wholly owned mutual fund business in China, three years ago, and has faced a probe by US lawmakers for some of its investments in the country, Bloomberg said.
